Regulations — and executive agencies’ interpretation of those regulations — can make or break companies, and even entire industries. For decades now, the judiciary’s approach to administrative review, found in the landmark 1984 case Chevron U.S.A. Inc. v. National Resources Defense Council, largely deferred to government agencies’ interpretation of their governing statutes on the grounds that such agencies were best positioned to interpret those statutes. “Chevron deference” became a foundational framework for administrative law.
But in recent years, critics have argued that Chevron…
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